Kwoon Chung Bus Holdings Limited provided earnings guidance for the year ended March 31, 2020. The Board's preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2020 (the "Current Year"), which have not been audited by the auditors of the Company nor reviewed by the audit committee of the Board, it is expected that the Group will record a significant decrease of approximately 90% in net profit for the Current Year as compared to the net profit of approximately HKD 259 million for the corresponding period last year. The significant decrease in net profit was mainly attributable to the significant decline in the number of tourists visiting Hong Kong which was caused by the outbreak of social incidents since the beginning of last July and the outbreak of the coronavirus disease ("COVID-19") together with the corresponding anti-pandemic measures implemented at the beginning of this year.